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Crypto trading firm moves $9.8m of polygon tokens to Coinbase, Binance, MATIC price tanking

0xMain
June 10, 2023

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Chicago-based crypto trading firm, Cumberland, is moving millions worth of Polygon’s native cryptocurrency, MATIC, to Binance and Coinbase. As of June 10, the trading firm had moved $9.8 million MATIC to the two leading cryptocurrency exchanges. Cumberland moving millions worth of polygon tokens...

Security firm exposes $500m vulnerability in TRON’s multisig accounts

0xMain
May 31, 2023

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Security researchers have recently disclosed a critical zero-day vulnerability in the TRON blockchain that could potentially expose $500 million worth of cryptocurrency to theft. The vulnerability, discovered by the 0d research team at dWallet labs, specifically targeted multisig accounts on the TRON blockchain....

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Do Kwon retains Dentons law firm to defend against US charges

0xMain
May 29, 2023

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Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro. Denton has been a highly ranked global law firm, and will help Do Kwon in his legal struggles. Addressing legal challenges...

Paraspace NFT Protocol’s CEO stays firm as ‘usurper’ resigns

0xMain
May 19, 2023

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Accusations of fund mismanagement flew between the Paraspace CEO and consultants, prompting the Paraspace team to publicly demand the CEO’s resignation. Meanwhile, the ongoing saga surrounding the whereabouts of the protocol’s funds witnessed a new development as Jay Yao, a consultant associated with...

Pakistan government firm on stance to keep cryptos illegal

0xMain
May 17, 2023

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Dr. Aisha Ghaus Pasha, Pakistan’s Minister of State for Finance, declared on May 17 that the government has no plans to legalize cryptocurrency in the nation. The statement was made during a meeting of the Senate’s standing committee on finance. According to Pasha,...

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Fed’s rate hike causes ripples, but crypto market stands firm

0xMain
May 4, 2023

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Despite the Federal Reserve’s decision to raise interest rates, the crypto market remains resilient, showing signs of decoupling from traditional financial markets. The Federal Reserve announced a 25 basis points hike on May 3 in response to rising inflation, sending shockwaves across various...

Bitcoin and crypto markets firm ahead of US Fed interest rate decision

0xMain
May 3, 2023

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Ahead of the highly anticipated Federal Reserve (Fed) announcement, trader sentiment is bullish, and the total crypto market capitalization is over $1.18t. Bitcoin, ethereum bullish but gains are low Statistics indicate that crypto markets have recorded slow gains recently in anticipation of the...

Bitcoin prices firm, US Fed will may continue to raise interest rates

0xMain
April 27, 2023

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Bitcoin (BTC) prices are firm on April 27, and trading above $29,000 as the coin broke out from a recent consolidation. The BTC upswing happens less than a day after it lost $2,000 on news that bitcoin wallets linked to Mt. Gox, a...

Do Kwon sent roughly $7m to Korean law firm before TerraUSD crash

0xMain
April 17, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prosecutors have revealed that Terraform Labs co-founder, Do Kwon, sent a payment of 9 billion won ($7 million) to a Korean law firm named Kim & Chang just before...

SVB’s parent firm files for chapter 11 protection

0xMain
March 17, 2023

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A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The...